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20131202
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Search Results 0 to 49 of about 115 (some duplicates have been removed)
FOX Business
Dec 3, 2013 11:00am EST
to that in the next hour of markets now. connell: they to it. a lot of news. dagen: motor city, auto sales. connell: first to nicole petallides on the floor of the stock exchange looking at today's markets. nicole: good morning. good morning, everybody. right now all we mayybe clocking in some losses for the third day in a row for the dow and the s&p and we haven't seen that since september. dow jones industrials down 66 points at 15,932 and nasdaq down sitting at 1797, friday is jobs friday, watching for that. also a close eye on dow chemical which jumped to little bit yesterday on this news, pulling back now, trying to spin off part of their business so we have seen this moving back and forth, gains going back today. connell: breaking news in a detroit courtroom where a federal judge is ruling whether or not the city can continue with its bankruptcy filing. dagen: a win for the city? jeff flock live from detroit with the latest. jeff: it is accused ruling. for the first time ever a federal judge has ruled in detroit std may cut, diminish the pensions of municipal workers in bankruptcy, first time
PBS
Dec 3, 2013 6:30pm PST
.com/nbr. >>> in detroit, the city becomes the largest to enter bankruptcy. what happens next? >> auto makers symbol of detroit's economy sold more cars than expected in november. but can the pace of sales continue into the new year? >> and falling behind, american students are lagging other nations in reading, math and science. what changes need to be made to ensure future generations can compete in a global economy? we have that and more tonight on "nightly business report" for this tuesday, december 3rd. >>> good evening everyone and welcome. i'm tyler mathisen. remember how great the month november was for stock investors, records and consecutive weeks of gains? hold that thought because so far december has gone the other way. fast. in fact, the dow and s&p 500 today ended lower for a third straight session. logging their biggest three-day decline in two months. some on wall street say stock prices are too high and they are taking profits and there is a pull back and this is the start of it, or maybe consumer spending, soggy so far this holiday season or the fed's seeing the blowout auto sales?
CNBC
Dec 3, 2013 9:00am EST
thing. tesla could be back, david. >> off its highs but still off 193% this year. >> solar city, tesla, the three big printers, especially voxel jet, they are not bound by the four walls of the abstract canvas. those abstract paintings go for a lot of money. >> you love that damian hearse. you'll take it all day long. >> i had a printer rothko. >> what do i know? i'm not about modern art. >> what i am about is that opening bell and it's coming up. more "squawk on the street" after this. [ male announcer ] here's a question for you. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energy efficiency could help americans save $300 billion each year. take the energy quiz. energy lives here. who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male ann
Al Jazeera America
Dec 5, 2013 6:00am EST
to last their ship are striking. in 100 cities they are striking, demanding pay. today's strikes are the latest move in a campaign that started last summer. the medium wage is slightly more than $900. >> the workers live in poverty, working in conditions. >> more than two and a quarter americans have non-management jobs with the top 10 fast food chains. anti-government forces, and the post soviet leaders issued solidarity. one is viktor yushenko, coming to power after the orange revolution in 2004. >> the protest scores have persisted for weeks. barnaby phillips reports from kiev. foreign ministers from across europe have come to kiev. this was a scheduled meeting of the osce. it's not in relation to the political crisis specifically, but you can imagine at that meeting ukraine is bound to feature and there'll be different preaches. for example, the general j the polish and the swedish for instances have been outspoken critic much russia's policy towards ukraine. but sergei lavrov, the russian foreign minister is here, and yesterday he condemned what he called n.a.t.o. inference
FOX Business
Dec 4, 2013 11:00am EST
favor of bankruptcy, the next question becomes what happens to the city retirees clinging to those benefits? and the president is pushing this hour for a higher minimum wage. the congressman to talk about that. by your gifts online, paying tax, others don't, supreme court doesn't want to get in the middle of it. judge andrew napolitano has no problem getting in the middle of that. and then, consolidating your wallet into just one card. the high-tech idea could be the way we shop in the future. it is all coming up along with dagen mcdowell on "markets now." dagen: giddyup. changing out of the shirt you had done earlier and now you look more businesslike. connell: i will take that as a complement on both sides. i have no other choice but to check the market and talk to the judge. dagen: we have to hit your slender. we have gains on the market right now despite the better-than-expected numbers from adp, nicole petallides at the new york stock exchange. nicole: you mentioned adp, which was better. we also got new hom home sales numbers better than expected, we are seeing the market wit
FOX Business
Dec 5, 2013 4:00pm EST
york mayor-elect bill deblasio appointed former new york city police commissioner, william bratton. he served during the giuliani administration during the mid 1990s but he was fired. liz: ford unveiled the new version of eye coon nick mustang, it will go on sale at the 50th anniversary of the launch of iconic mustang. time fore"after the bell." david: i have should mention by the way the floorboard of the '67 mustang that chris noth had was not there. it rusted out. we were looking at road beneath our feet. what you do in college, crazy stuff. we have lee munson, portfolio manager, chief investment officer will explain why he doesn't think the fed will taper soon no matter how strong the economic data. we have tim mullen in the pits. tim i want to start with you. the looks like the market is ready for a good jobs report, perhaps, as a result earlier tapering than we thought, correct. >> that is the thought in the market action but when you look at bond market and the way the selloff ended i think there is hesitation. if we get a jobs number there is no certainty fed will stop anytime
FOX Business
Dec 3, 2013 1:00pm EST
the road all over the country saying he sensually if you have a pension and a municipal worker in your city declares bankruptcy it is not necessarily protect. kevin is the emergency manager who got everything he wanted in this judge's ruling but very somber when he came out to talk to reporters. >> we were very pleased, we remain very concerned about the need to improve the level of services for citizens and also prepare for the city to exit this receivership in a fashion that restores democracy. to the city. >> that is what a lot of people are concerned about, the democracy being restored. look at the pictures on the streets of the city, as soon as the ruling came trickling out people upset about it, specifically pensioners, retirees, union members, their attorney who represents them talked just after the ruling was shellshocked. >> this is a scary day because what the judge has done is set a state constitution specifically and expressly protects vested pension benefits can be taken away in bankruptcy and that is very scary. >> sharon levine asks me as you point out, it is a huge ruling an
FOX Business
Dec 3, 2013 9:20am EST
from a courtroom in detroit where the judge is giving the ruling on the city's bankruptcy. are they allowed to declare bankruptcy or not? first off, the court finds city has proved it is insolvent. the judge just said it. that's from our own jeff flock inside the courtroom. we'll bring you more details as they break. but the judge has just said, yes, detroit is insolvent. that's important. all right, everyone, kayleigh, thank you for joining us this morning. by the way, i understand you sat-- she's gone. you know, she sat an important exam yesterday. i want to know how it went. charles: oh, yeah, i think she's great. stuart: we'll bring her back and ask her. to washington, president obama will renew the obamacare pitch today talking about everything good about the law. should be a short speech. meanwhile on capitol hill more political theater. rich edson watching it in d.c. rich, what is this hearing all about? >> with he will -- well, stewart, the title is the president's constitutional duty to faithfully execute the nation's laws. basically what the republicans are looki
FOX Business
Dec 5, 2013 1:00pm EST
, five in rapid city, ala of areas across montana be the zero, 45 in dallas. won't above that for the next five days. the cold is here for a while. would get your wind chill. -28 and-9 in omaha, look at the rate picture, this is where the precipitation is going to be the next couple days, stuck right here, we continue to see impulses move across and bring freezing rain, rain and snow, to the north is snow, to the south is rain and there is an area in tennessee through areas like little rock and much of arkansas and dallas so at least half an inch of ice accumulating on the roads, the trees, the power line, widespread power outage event and potentially a lot of dangerous conditions on the roads, a lot of leaves on the trees, you will see those with the freezing rain, a very significant one. cheryl: thank you very much. adam: nicole petallides is there looking at different retailers with one thing in common. nicole: both of these are hitting all-time highs but $1 won't get you too far at tiffany's. dollar general came out with their numbers and this is every retailer's drea
PBS
Dec 4, 2013 6:30pm PST
from washington. >>> still ahead, how safe is your pension whether you work for a city, state or private company? >>> the price of oil moved higher for the fourth session in a row. crude prices up today more than a dollar closing at a five-week high. >>> meanwhile, opec oil meeting today decided to keep production quotas unchanged. the decision comes despite a new burst of oil production in the u.s. and the possible return of iran's oil to the market. steve has more. >> reporter: they decided to keep output levels unchanged, a lot of questions remain for 2014. with the announcement that arir is back at the top table. iran is having report with the west over nuclear issues and potentially in 2014 we could see more iranian oil come to the market. it's technically they hope to put 4 million barrels of oil on the market later in 2014, once sanctions were aid but iraq is producing 3.75, 4 million barrels a day and there are hopes nigeria and libya can produce more oil and this could lead to over surprise at some stage in 2014 but the next meeting scheduled for opec is june 11th. it
CNBC
Dec 3, 2013 2:00pm EST
top stories at this hour, how the detroit bankruptcy ruling may impact your city and state. tough day, perhaps some very good news for detroit and the auto industry and another story that will make you wonder, are we headed for a largely and humanless and jobless economy. we call it a pick me up. >> talk about the stomping in stocks, rally interrupted the dow and s&p 500 suffering their biggest one day drop. the dow on verge of its first three day losing streak since september as it dips to its lowest level in three weeks after saturday straight weeks of gains for the dow and s&p 500. interesting in today's session, we saw what we saw in yesterday's session that is the russell small cap index leading the way down under performing the markets in weakness in the financial today. to bob pisani at the big board. >> hello there. and here's what i'm seeing today and a lot of people have been asking the start of something. i don't see a big start, but i do see a little bit of signs of concerns. put up the full screen. the european close was poor today. had a great run in europe the last coup
FOX Business
Dec 4, 2013 9:20am EST
. detroit's unionized pensioners will see their benefits cut. watch out other american cities. frack, and floods the world with oil, and opec is split. what's a cartel to do? an on-line shopping binge rolls on. wal-mart had its best day ever. and stocks will open lower again? yeah, a big day. "varney & company" is about to begin. hi honey, did you get e toaster cozy? yep. got all the cozies. [ grandma ] th n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. >> here we go. fire up the political spin m
FOX
Dec 4, 2013 7:00am PST
up at 238. as you continue to drive south, it gets a little bit better in union city and it slows in fremont. 7:03. back to the desk. >> thank you, sal. >>> the investigation continues into an early-morning fire at a san jose mobile home. it started shortly after 2:00 this morning near monterey road and firefighters still have not located the elderly man who lives in the unit. ktvu's katie utehs is live on the scene with the new information about this mobile park. good morning, katie. >> reporter: good morning, tori. i just got off the phone with san jose fire's public information officer. he says now that it is daylight, the plan to move forward, research this mobile home. as you can see, it's completely gutted. early this morning they got through 80% of the home. they still need to search through the kitchen. they hope that will give them more identification or contact info as they try to find the elderly man who lived here. they do not believe he was home at the time of the fire. let me show you some video and some pictures of the flames and smoke coming from the mobile home at
CNBC
Dec 4, 2013 12:00pm EST
the financials all the time. i love the way these stocks are trading and look at citi. citi after being pulled off the reaction buy -- >> i loved the reaction today. >> they also raised from 58 to $60 on the target. that's exciting. >> and look for behavior average returns. >> exactly right. that's why when it dipped today, i said you know what, there's a great opportunity. the financials are turning. i grabbed someone, it got down to 51.60. i think it's going higher. >> i'm not as enthusiastic because i think that's impossible. in terms of where i would change my focus, away from interest rate sensitive stocks like housing and into interest rate sensitive stocks like banks that benefit from a steepening yield curve. >> not all rets are created equal. >> companies like reits. people have been chasing yield all year long with interest rates going up, reits will be less and less attractive. you have to be sensitive. >> it's normalization, interest rates going up is healthy for the market. well diversified portfolio. >> let's move. our next guest thinks it will be good for equities. one-time bear
CNBC
Dec 5, 2013 2:00pm EST
your city make the list of the best job markets in the country? we rank them. the surprising hottest sector of the stock market right now. >>> and on this 80th anniversary of thankfully the repeal of prohibition, the single best beer stock to own. cheers, melissa lee. >> cheers, brian sullivan. >>> take a look where we stand on the markets. the s&p 500 down for a fifth straight day. if that holds through this close, that would be the longest losing streak since late september. and in case you're wondering, the s&p hasn't declined for six straight sessions since july of 2012. weakness in the financials today, in the industrials sector as well. so let's check in with bob pisani at the nyse as well as rick santelli in chicago. bob, to you first. >> the important thing is five days in a row, haven't seen that in a while. and it's those rate-sensitive sectors having problems. 2.9% as we get right there on the ten-year. take a look here. telecom, utilities, housing, in emerging markets, they've had the biggest problems. elsewhere, if you look at some of the other ones, bank stocks normally
FOX
Dec 9, 2013 7:00am PST
. the flees warning is out for everybody in san francisco. it's 39 along the embarcadero and 34 in the city for one location. the coldest in 15 years on the lows for san francisco. 21 napa, 21 santa rosa. 24 novato. 30s on the coast. 28 san jose. it looks like they won't get the record low unless it happened an hour ago and haven't reported it. upper 40s, low 50s. upper 40s. breezy to windy, especially in the east bay hills. if you have the breeze in the 30s, it's in the windchills or 30s. highs 40s and 50s. let's go to tori and dave. >>> happening now -- a freeze warning is in effect for all bay area counties except san francisco until 9:00 this morning. a couple of more hours. temperatures fell into the 20s once again overnight in the north bay. parts of the east bay and south bay. people struggling to stay warm. temperatures should start warming up slightly by midweek. now, the freezing temperatures are especially dangerous for the homeless. ktvu channel 2 reporter janine de la vega is live to let us know how shelters in the south bay are trying to help the homeless after at least four d
FOX Business
Dec 5, 2013 7:00pm EST
us staging protests and demonstrations in major cities all across the country, organizers rallying off to the fast-food workers trying to posture the day's events as an nationwide strike. all motivated by an organized labor goal of unionizing the nearly 4 million americans who work in fast-food restaurants. all of the events were built by the union as a strike and a walkout. but all the events and nearly all participated were putting on a show for the cameras and microphones in the national media. here is at least one of the scenes in new york today. approximately 100 protesters blew there whistles and beat their drums as they marched into a brooklyn mcdonald's and interrupted customers. of the protesters claim to have walked out of work or for that matter were even mcdonald's employees. in detroit crowds picketed outside to separate mcdonald's restaurants change it -- chanting we can't survive on 725. demonstrating on their day off. in washington protesters lined up outside of the smithsonian air and space museum. the mcdonald's based in-the president obama raise their wages durin
CBS
Dec 5, 2013 6:00am PST
, the salvation army patroled the city where temperatures dropped 13 below zero. it's so cold road crews are using solid and liquid de-icers to try to keep roads safe but it's a tough fight. >> loses effectiveness at 15 degrees. it has the potential to refreeze. >> a storm system dumped more than 2 feet of snow in the duluth area. at least five people have died in weather-related accidents in minnesota since monday. >>> happening today bart directors will learn the findings of an audit of the transit agency's police department. we get the story now from kpix 5 reporter anne makovec. she is at the fruitvale bart station. i understand the audit was ordered after the shooting death of oscar grant. >> reporter: yeah. it was almost four years ago. and these reforms were recommended three years ago. today we'll find out if this inches tense look at department operations has -- if this intense look at department operations has been doing any good. >> this is a good time for a reality check. >> reporter: that was the bart chief when the assessment began in june. reality check is today. some of the events
CNBC
Dec 4, 2013 1:00pm EST
, whether you're talking about new york city and de blasio or obama and the rest of the country. how much do you as a country or a nation want to offset these much bigger global forces and when do you kill the goose that lays the golden egg. that's the question. >> and you know, no country really does income quality terribly well that i know of. >> sweden, norway. >> some of those social democracies have had less of that. they don't have high-end wealth in the same way that we do here. anyh anyhow, it is an issue. >> it's a consequence of growth. >> inequality can lead to social unrest. >> all right. >> take one thing away sfli don't think we're going to solve it today but to the yahoo! poll and see what you think. here is our question of the day. the president speaking about income inequality. what is the solution? 19% of you say raise the minimum wage. 51% say more tax breaks for the middle class. 17% say raise taxes on the rich. >> surprising. >> and 13% say limit executive pay. sue? >> very interesting. all right. it's getting really cold out there. a cold snap gripping the western half
CNBC
Dec 5, 2013 6:00pm EST
, and 11 more in cities through texas. six stores in louisiana, two in oklahoma, one in arizona and new mexico. when you think of the alignment, you realize basically conn's is the retailer for the red hot oil and gas region. the company i believe is seeing the miracle of eagleford and permian playing out firsthand. the beginning of the earnings story that can buck the whirlpool of higher interest rates. and witnessing the wonder of job creation. talk about a cramer fave that won't quit. not to mention the need for so many workers to surround the beehives of activity. yep, this oil and gas boom, we're seeing a tremendous job multiplier playing out right now. think of what's happening with gtls, the company with the best technology for transforming natural gas into something similar to gasoline. as ceo sam thomas told us the other night, all the better to build the hard to construct big boxes that encompass the transfer technology and put them on boats to put them overseas. the company can't get enough workers to make these. i know welding requires a particular skill set that may not be
CNBC
Dec 3, 2013 6:00pm EST
% of the traffic in a city is caused by people looking for parking. that's remarkable that so much energy is, is wasted. streetline has looked at the problem of parking, which has not been looked at for the last 30, 40 years, we wanted to rethink that whole industry, so we go and put out these sensors in each parking spot and then there's a mesh network that takes this information sends it over the internet so you can go find exactly where those open parking spots are. the collaboration with citi was important for providing us the necessary financing; allow this small start-up to go provide a service to municipalities. citi has been an incredible source of advice, how to engage with municipalities, how to structure deals, and as we think about internationally, citi is there every step of the way. so the end result is you reduce congestion, you reduce pollution and you provide a service to merchants, and that certainly is huge. >>> in a moment where the broader market seems to be stalled or at least worst or temporarily, don't forget we're less than a month away from the end of the year and t
CNBC
Dec 2, 2013 1:00pm EST
amount of force? or was it concentrated on one rail. >> it was heading to new york city early yesterday morning when it jumped the track. the engineer reportedly said he tried to apply the brakes that requires them to slow from 70 to 30. he says the brakes didn't work. the ntsb declines to speculate about the caught of the track, but at 4:30, the nssb plans to hold another press meeting. 9 this disrupted service for about 26,000 passengers, who take the hudson line of metro north each day, and that disruption is expected to continue until the ntsb completes its investigation and the mta is able to fix the tracks. >>> amazon is working on a new way to get -- it's a bird, a plane? no, it's amazon prime air. it has some risks. that's coming up next on "power lunch." we'll explain. n. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-25
FOX
Dec 5, 2013 7:00am PST
with the chp. no reports of black ice so far. san francisco is the only city spared from the freeze warning. there's a chance of showers late friday. we could see snow at the higher elevations. people seem excited about about that. they say there's not been a dusting for four, five years. tara moriarty, ktvu channel 2 news. >>> the freezing temperatures forcing two of the major bay area airports to take immediately action. this is mineta. a spokesman said they de-iced the first of several planes that took off about 6:350 this morning. they are -- 6:30 this morning. they are not sure how long this will continue. but there are no flight delays right now. oakland says two southwest airlines planes were de-iced this morning. we're waiting to get info back from sfo. we'll pass that onto you. >>> the freeze warning is not keeping people from doing their holiday shopping. shoppers were bundled up on bay street in emeryville. some of the people we talked to say they love the winter weather. >> i think it's great. i think it feels refreshing. >> now, business has listen brisk at christmas tree lots
FOX
Dec 6, 2013 7:00am PST
: that's the advice from texas. schools are closed in dallas and other cities and the list of cancellations at the airport is glowing. emergency officials in oklahoma say most of the roads are slick. >> go slowly, watch out for the person in front of you. make sure you are ready for the road conditions. >> reporter: the state has activated an emergency operations center to help people affected by the bad weather. at least three dozen people have been injured. in arkansas, the roads are blamed for a seven-car pileup. no one was seriously injured. on thursday, the stores were filled with people stocking up before the storm. >> milk, bread, potatoes. something quick for a hot meal. >> reporter: a man in arkansas was killed when a tree fell down on his camper. here in the dallas area, there are nearly 200,000 people already without power. the number is expected to rise. tori, back to you. >> thank you. and check regularly for weather updates at ktvu.com including alerts and warnings. there are also forecasts for your neighborhood and we'll post information on your facebook and
CNBC
Dec 6, 2013 12:00pm EST
whether the hopes -- >> citi sees enough to upgrade. let's get back to headquarters and scott wapner and "halftime." >> all right, gentlemen, here's what we're following. 2014 playbook, an investor who's up more than 30% this year gives the xs and os on where your money should work next year. >>> call of the day. upgrade for linkedin sends that stock surging. the analyst who gave the bump gives you the reasons why. >>> we begin with the highlight of the today's first half of trading day. no doubt, a great jobs report and the big market reaction afterwards. stocks are soaring on the better-than-expected new, on track to reverse the five-day slide. certainly raises the question of whether stocks are finally ready to accept good news. it is "halftime," murph, let's play the action. >> let's do it. >> bring on the taper now, right in. >> you definitely bring it on. i look at today's action, and i'm not completely sold by this rally. we're up over 1,800 on the s&p. we had, remember, down five days coming into today, and a five or six handle bump up in the futures before the number came up
FOX Business
Dec 5, 2013 11:00am EST
tmaceatening, pushing up energy prices and using instagram to gauge how happy an entire city is. the top five happiest cities in the nation according to one survey, two cities from the same state. the you live there? Ò i o you f l good? so much more coming up on this hour of maumets now. ♪ connell: i wasn't even there. dagen: no indication. Ò i ogs are supposed to make you happy. food and dogs. dennis: christmas season, the tree over there. dagen: holiday tree. connell: i know. iatollowing up. to start it off at the top of the hour at the stock exchange. nicole: good morning. things are looking down again. the dow and the s&p down four days in our row. we will s what hstapens between now and then, right now, down 56 points, thousand eight thirty-three. and the nasdaq composite down 9 points, a quarter of 1%. the big picture is everybody is moving to the fed. the fed keeper as soon as this month, there is a m ting this month and with economic news, better cdc dropped o begin tapering. the s&p 500, apple a new high, can't leave that out. Ò i appen: thank you. connell: the movement demandi
FOX Business
Dec 6, 2013 1:00pm EST
angeles is ramping up the mortgage fight taking citigroup and wells fargo to court. the city alleges the banks engaged in mortgage discrimination that led to a high number of foreclosures in minority communities. they initially mixed mortgages in minority neighborhoods. but targeted the same people for predatory loans. the news today not affecting the stock. again, we are sitting near the accession highs for the market. adam: winter weather hitting people in the southwest to the northeast. i look at where the ice storm is heading. cheryl: the man-made weather . china facing record smog levels. forcing planes to stay on the ground. adam: and buying holiday gifts. the online home furnishing retailer watching record sales on cyber monday this year. we will talk to the company's ceo in the latest installment of "your wish list." every day we're working be an even better company - and to keep our commitments. and we've made a big commitment to americ bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than another place in the world. in f
CNBC
Dec 4, 2013 6:00pm EST
can go find exactly where those open parking spots are. the collaboration with citi was important for providing us the necessary financing; allow this small start-up to go provide a service to municipalities. citi has been an incredible source of advice, how to engage with municipalities, how to structure deals, and as we think about internationally, citi is there every step of the way. so the end result is you reduce congestion, you reduce pollution and you provide a service to merchants, and that certainly is huge. yep. got all the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it for one flat rate. so i knit until it was full. you'd be crazy not to. is that nana? [ male announcer ] fedex one rate. simple, flat rate shipping liability of fedex. ♪ o canada >>> last friday, while america was working through the post-traumatic stress after thanksgiving i happened to stumble up on a terrific story in bloomberg. the canada's economy is the best in the last few years. while it's stoked by business investment and strong consumer spending. the canadian stock
CNBC
Dec 4, 2013 9:00am EST
. >> and a double whammy for financials. citi with a downgrade and we could see a tougher than expected volcker rule. >> and ron burgandy means green for dodge. sales fueled for the durango. >> news on concerns that the fed might scale back their bond buying program when they meet later this month. we'll get ism services and new home sales in about an hour from now. it's been said maybe december tapers right around the corner, jim, if numbers like this keep up. >> i think it's tough for yellen to come in, we start tapering and we get some big frackus in january. we forget the two parties hate each other. they tend not to accomplish anything. worst congress in history if you care about output. she's going to be reluctant do that. people are starting to talk about doing the over 250,000 jobs on friday and that means interest rates go to 3 and that means ultimately you can buy the banks. that's the one group that does better at high rates. >> net interest margin. if we get above 250, that would be a good thing. >> you're going good news/good news? >> i'm going with the jobs are good but not necessarily
FOX Business
Dec 3, 2013 6:00pm EST
believe this is actually good news for the state of michigan, good news for the city of detroit. because i think they now can start to rebuild. i honestly believe that this is for the city of detroit. >> it doesn't matter what it is, it's all going to be handled the same. how do you think that that will get resolved? are people who are retired, they may not get it. >> it's a very sad story for the city of detroit and now we are looking at 30 or 40 on every dollar that is owed in health care and pension benefits. and now the city has the right to renegotiate the contracts. but will there be a bailout? will there be a state bailout and will there be an uncle sam bailout? i wouldn't put it back up past the politicians to try to do that. and people are in worse shape, the people on those bonds and this is a big thunderous message for people without for 50 years but those are state investments. gerri: steve moore warning you about in a simple bond. good times, great information. gerri: thank you for coming on the show. detroit isn't the only part of this country in dire straits. the only state
PBS
Dec 6, 2013 6:30pm PST
neighborhoods. wells fargo and citi group had red lining. that says the city, settled minority mortgage holders with loans they couldn't afford. both banks call the charges baseless. >>> while many big banks are cautious about approving mortgages, smaller banks are swooping in. and as diana olick explains, borrowers are paying attention. >> reporter: brian is about to buy a larger home for his growing family just outside minneapolis. this is not his first foray into the mortgage process. >> i had experiences in the past with a larger lender, dealing with home purchases and i just didn't feel like a special person. i felt like a number. >> reporter: so this time he went with water stone mortgage, a small eer lender based in the midwest. >> it's a smoother process. >> reporter: brian is among a growing number of borrowers turning to non-bank lenders and community banks. their share of the market is 60% compared to 39% in 2009 according to inside mortgage finance. >> i think it's a combination of independent mortgage bankers and community banks taking advantage of niches and some larger banks e le
CNBC
Dec 6, 2013 9:00am EST
. >> shares of dow component intel on the rise, citi pointing to increasing evidence of stabilization in corporate demand for pcs. we keep coming back to what meg whitman told us. >> exactly right, carl. that's what this is about. someone the other day said do we buy intel, it's a 4% yield. i've been waiting for pcs to stabilize so intel could travel from say 24 to 26, microsoft has traveled all the way. i'm waiting for the mobile strategy and i feel like that intel just talk about great people and i used to do a lot of work with intel. i keep hoping it's their time but they're still too pc oriented. >> there have been a few upgrades lately, not all to buy necessarily. but they have been mostly about the promise of mobile at intel. this is a little more concrete in. >> it is. if you believe in this upgrade, go by hewlett packard because it's the hewlett packard business that might be driving it or the enterprise, that's a fancy word that analysts use to say companies are liking it. >> even afters year hb has had -- >> yes, you want to own it. boom. you want to own it. >> talk about le
Al Jazeera America
Dec 9, 2013 6:00am EST
there is more in the way of rain today and new york city with the quick burst of snow it will get washed out before another round moves in and we have a number of advisories posted and travel plans along i-95 you will encounter slick spots and give yourself plenty of time and of course make sure that you provide a little bit of extra space between you and the car ahead of you as well. across the great lakes we will see some light flakes of snow falling and as far as accumulation we will see more of that as we get in the day on tuesday, this is the timing of what we are dealing with today and through the morning and conditions will clear out and see a break in all the action and by tuesday we will be on the backside of the storm system, more moisture moves in with the cold air already if place and by tuesday morning snow moves right back into new york city and it looks like we will be in for the same conditions as we dealt with the last round and get the snow and freezing rain and plain rain before everything wraps up across the area. in the plains it's the dense fog causing problems in dalla
CNBC
Dec 3, 2013 1:00pm EST
. a judge allowing the city's chapter 9 bankruptcy filing to proceed, despite big protests. senior correspondent scott cohen is live in detroit to sort it out for us. >> tyler, saying detroit's situation is unworkable and dangerous, judge roads approved the largest municipal bankruptcy in u.s. history. will allow detroit to get considerable relief from its creditors including its unions which have a lot of unfunded pension obligations. the mayor who presides over detroit's bankruptcy filing is dave bing. if the waning days of his term he spoke this afternoon and tried to put the best face on things. >> i know there are a lot of people that are upset that are concerned about their futures, but we are now starting from square one. >> reporter: but under the situation now in detroit, the mayor has almost no power. it's all been delegated now to an emergency manager appointed by the state. his name is kevin orr, a bankruptcy lawyer by training. he, too, said today's ruling means detroit could get a fresh start. >> come with us, take this opportunity even in the process of litigation an
CNBC
Dec 9, 2013 6:00am EST
in southern and eastern pennsylvania. up towards the new york city area dancing into parts of connecticut. we're also going to see some snow out there today. additional snowfall 3 to 5 inches in northern sections of maine. 1 to 3 inches in the dark blue color. lighter blue indicates less than an inch. tomorrow on the west coast, they're going to zip over towards the east coast and offer up another area of shower and rain up 2345into the virginias. ice possible in d.c. to philly. snow from d.c. to new york city. could pick up a few inches of snow by the time all is said and done tomorrow. >> andrew, back to you. >>> coming up, talking baseball and beards but not together. >>> also, there is a battle erupting in atlanta over a building. the new stadium for the braves. find out why the tea party is on the grand scam. wall street clean shaven is apparently preferred. was that the story? coming up in the executive edge. rockefeller plaza on this nasty morning. "squawk box" coming back after this. ♪ i want to spread a little love this year ♪ [ male announcer ] this december, experience the gift
KRON
Dec 6, 2013 4:00am PST
that was given the city's o-k. the free event begins at 4- 20 in a tent set up at seattle center. with any pot smoking out of public view. they'll have plenty of company too. with a holiday lights celebration, ballet performance and a pearl jam concert all happening at the center. coming up on the kron 4 morinng news. more on the freezing temperatures. we will be right back. to those who've waited... worried... poked and prodded... taken risks... and lived in a state of "what if?"... welcome to a new state... of health. welcome to covered california. the place to find quality, affordable coverage. financial help for those in need. and nobody can be denied because of a pre-existing condition. enroll now at coveredca.com. now time for the kron4 tech report with gabe slate. the morning. a big battle between to attack the giants is shaping up amazon and will go over drone's robots and same-day delivery service. on sunday amazon a big splash in announcing their new drone delivery system. they are working on and now google has told the new york times and they are investing big time in a similar proj
KRON
Dec 6, 2013 6:00am PST
in oklahoma city. they have snow and ice, not in their morning commute. snow is stretching down for tennessee. it is an ice storm in dallas or all of their schools are closed. >> my brother went to sarah crews and he stated that it is the coldest place to live. he stated that they would ice down and play hockey in the doorways. >> i remember walking brokehow was going to talk about santsarah crews. >> the temperatures are two degrees warmer than yesterday. that is something. we are still well below freezing. santa rosa is still a 23 and fairfield is now in the low 20s, 23 leaving your house in vallejo. we are below freezing in livermore in concord. this is why we're waking up to clear conditions. the clear air, the temperatures will drop. we're also tracking a system. this will bring the possibility of rain and snow. it is want to be very likely later on today pripet the coldest spot some of the protected valleys. winter weather advisories are in effect to to our morning for the portions of the east bay. above 2,500 ft. we may see two to 4 in. of snow. >> this is starting to feel like christm
FOX Business
Dec 9, 2013 4:00pm EST
. david: new york has a lot of rich people. upon whom the city is relying more and more to pay the bills. and now new york's mayor-elect bill de blasio wants to make them pay even more. he propose ad misnamed millionaire's tax. it is misnamed because it kicks in on all those make $5 million to pay for kindergarten education programs. will the tax catch on? steve forbes, "forbes" editor in chief lives in new jersey. >> i saw 60 years ago this was coming along. david: wealth tax, it is small increment increase. i think city tax would go 3.9 to 4.3, 4.4. it is small but all of these wealth taxes always start out small. i think of the amt, alternative minimum tax, originally designed for a couple dozen people. now it affects millions. >> that's right. it also sends a signal out that new york city takes prosperity such as it is for granted. new york does have unique advantages. it won't kill the city but sends a message out, we're not interested in entrepreneurs. more importantly we don't understand real wealth creation. if anything you should be doing the opposite. in terms of what he wants
CNBC
Dec 3, 2013 3:00pm EST
back to that level. >> saying pretty please. >> also, very serious story out of motor city. detroit is now broke city. a judge ruling a little -- a few hours ago the city's bankruptcy can go forward in what will be the biggest municipal bankruptcy in u.s. history. this is not a huge surprise but is a big disappointment for the pension plan out there. it has much wider implications for investor. anybody that owns a muni bond needs to sit up and pay attention to this story. we'll tell you why and what it mean. >> same for anyone with a pension. >> let's take a look again at markets across the major indexes. we're seeing red, down about 0.7% on the dow jones. nasdaq still above 4,000, off about 12 points or so. that ten-year bond yield, above 2.8% earlier, has sunk after we saw heavy losses across the european session as well today. >> let's talk about today's market action. our "closing bell exchange" joined by meg green from meg green and associates. scott cavanaugh from first foundation. rob morgan from fulcrum securities. mike santoli and rick santelli. i lov
FOX Business
Dec 4, 2013 1:00pm EST
to be learned from other cities that face a similar fate? it has been a year since rhode island emerged from bankruptcy. the state allowed bondholders to be elevated to a privileged status over pensioners. our next guest at the bargaining table. lead counsel for the central falls, rhode island receiver. the bottom line is what happened in central falls is it is a different deal that would happen with michigan. at the end of the day the pensioners in central falls took a 55% cut. did they negotiate that, or was that more because they wouldn't negotiate this is what the receiver decided was going to happen? >> it was not a 55% cut for all committed up to 55%. adam: it was those youngest sitting the cut. >> unlike in detroit where there was a court ruling on whether or not retiree pensions could be cut, ours was done through negotiation. early in the case when the case was filed we immediately went into negotiations with the retirees. the retirees had very good counsel understood the court would rule as the detroit court ruled here. and as a result we negotiated an agreement under which they to
Bloomberg
Dec 5, 2013 10:00am EST
schatzker and stephanie ruhle. >> good morning. it is thursday in new york city. you are watching "market makers." i am erik schatzker. >> i am stephanie ruhle. after a week and a half, you may not be excited about it. -- allquote mariah carey i want for christmas is new -- >> got a change the topic very quickly. -- got to change the topic very quickly. we have an unbelievable lineup. >> we are already getting calls saying that joe baratta is on, i want to cancel meetings. then we will be speaking with alan mullally. i will share the interview i had yesterday afternoon. herbalife.ing >> let's not forget about bill gross. >> who can forget the bond king? for now, let's get to the newsfeed. it is the top business story from around the world. the u.s. economy grew faster in the thor quarter than first figures showed. up from the initial estimate of 2.8%. the biggest increase in inventory since 1998 is the reason. two low-fare carriers will benefit from the merger that is creating the new american airlines. southwest air and virgin america will gain flight slots at laguardia airport. settleme
CNBC
Dec 2, 2013 6:00am EST
was really bad. >> i just saw robocop last week. >> they were protecting a city, a crime ridden city. >> it was detroit. >> it was detroit which was kind of scary that they picked that. >> can you imagine our great leader jeff bezos with that laugh? >> do we put -- do we put it side by side with megamind? that would be mean. >> exactly. >> tell you guys about the next story. >>> china launched its first ever extra terrestrial landing map en route to the moon. it's being haled as a major milestone to the science program. china will send someone to the moon in 2020 now that we can no longer send someone to the moon. >> we know what's there. we're worried about what they want to use it for at this point. what is this jade thing, it drives around? >> yeah, like a buggy that will go around and check out the surface. >> maybe if it drives everywhere it could find a moon rock more interesting than what we've got. if they could cover the whole rock, the whole satellite. >> maybe they're going to deliver packages. >> maybe they're going to do that. >> deliver amazon packages to the moon. >> i
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